Supply Demand EA

[fx800]

Beginners should start trading TREND TRADES ONLY.

No better place to start than going to Nanningbob 10.4 COMPLETE SYSTEM.

[fx800]

If you had been checking the Liteforex charts today, you would have noticed that GBP and EURO were strengthening (MACD green) and the Aussie and the Kiwi were weakening (MACD red).

Buying GBPAUD and GBPNZD would have given you some green pips.

The same goes for EURAUD and EURNZD.

[Anonymous]

I have used one of Steve's old ea template and the LibSSSRv2.mq4 very generously shared by Slipshod to arrive at a SD ea.

It has so far taken a trade if the pending order is triggered by the next bar. However, if the PO is not filled by the bar after entry to SR ZONE, then the PO is deleted. Somewhere in the code below needs to be changed to allow the PO to be valid for xxx number of bars.

Any coder who wish to have a copy of the yet unfinished ea to look for the bug, please send me a PM.

The ea uses H4 STOCHS for pullback, and trades on H1 SR zones, as I originally intended. However, the stochs time frame can be changed by using extern variable. It can be very easily adapted to trade RSITMA as pullback. Trading H4 stochs and H4 SR zones is a very viable option. It would be wonderful if we can get this ea to work. Then we can use it for forward testing.

In the mean time, I shall continue looking.

peter

[fx800]

If you are running a poweful machine, you can use Bunker's MACD charts using Baluda's CSS indicator. The yen chart is easier to read and will show you if the yen is gaining strength or weakenig. Just go to Big Mac for the charts.

[fx800]

Anyone caught this ?

GBPUSD H4 OB.

H1 with a PB coming out of a R ZONE. Also, price broke DMR2 and then closed below it, another confirmation.

Keep looking for price breaking a pivot, then close below it with the next candle, then pending order a few pips below the candle just closed. A simple yet reliable trade on H4 especially with trend, also works with H1 but more risky.

If this occurs near SR zone, even more powerful.

[fx800]

Gold is DT and H4 STOCHS OB. It broke above DMR2 and then closed below it.
The setup for a sell is a pending order below the closed bear candle after the one that broke the pivot.
If price do not break the PO, no trade. If it does, good chance it will drop to DR1 or DMR1 where the S zone is located.

[fx800]

During the night, the Liteforex index for GBP, EURO, and the Aussie and Kiwi completely reverse.

So, the GBP and EURO pairs against the other two currency have also reversed.

[fx800]

Gold is DT and H4 STOCHS OB. It broke above DMR2 and then closed below it.
The setup for a sell is a pending order below the closed bear candle after the one that broke the pivot.
If price do not break the PO, no trade. If it does, good chance it will drop to DR1 or DMR1 where the S zone is located.

Gold triggered the sell po, but has hardly moved.

Gold tends to make bigger movements during the US session.

[Anonymous]

Someone asked me sometime ago what is a choppy market. An example of CHOPPY price movement, moving sideways and going nowhere. CONSOLIDATION.

[fx800]

LFXJPY index up this am, so most xxxjpy pairs rising.